‘Wolves’ circled oligarch’s widow over £9bn estate

‘Wolves’ circled oligarch’s widow over £9bn estate

He was a sworn enemy of Vladimir Putin, so when the billionaire Badri Patarkatsishvili dropped dead in his sprawling Surrey estate aged 52 suspicions of foul play soon followed. He had good reason to claim that his enemies “want to kill me” after falling foul of Mr Putin due to his business partnership with the Kremlin’s bête noir, Boris Berezovsky, who would also die in strange circumstances aged 67. It can now be revealed that the intrigue did not end with Patarkatsishvili’s death in 2008. It prompted a battle over his secretive £9 billion business empire that left his widow, Inna Gudavadze, 63, and her daughters at the mercy of “wolves”.

Two of his closest lieutenants fell out bitterly over the spoils and fought for them at the High Court. The death also plunged his family into a “financial nightmare” in which they were “so short of cash that they could not even afford to pay for a funeral”, according to the court judgment. Patarkatsishvili moved from Georgia to Russia at the end of the Communist era and met Roman Abramovich, now the owner of Chelsea Football Club, and Berezovsky.

Their business dealings in the privatisation of state-owned assets made him rich but when Berezovsky fled Russia in 2000, after falling out with Mr Putin, Patarkatsishvili soon followed, moving back to Georgia and then to Downside Manor in Leatherhead in 2006. After his death a dispute started between his associates Eugene Jaffe, 51, and Irakli Rukhadze, 52. They were trying to shore up his estate but when the family sided with Mr Rukhadze, Mr Jaffe sued his former associate and his allies. In her judgment Mrs Justice Cockerill said that Patarkatsishvili “had little time for documents or legal structures” and concealed his assets with subterfuge and a network of trusted managers. Foremost was his cousin Joseph Kay, who held a Russian steel plant and prime land in Florida in his own name even though they were owned by Patarkatsishvili, the court was told. The judgment noted that with his death “threats did appear at once”, with “many of the informally appointed managers of Badri’s assets [taking] advantage of Badri’s [Patarkatsishvili] death to claim the assets as their own”. The court was also told that “virtually all of Badri’s cash was held or administered by Joseph Kay in his name and a Russian businesswoman called Natalia Nosova” and that “neither of them would release funds to the family”. Mrs Justice Cockerill said that Mr Kay “was not the only wolf circling the family”, with Berezovsky “initially painting himself as the family’s protector” but then trying “to manoeuvre himself into a position of control”. Mr Jaffe, the court was told, described Patarkatsishvili’s widow as a “juicy steak”, and Mr Rukhadze said in one “angry exchange” with Mr Jaffe that “Inna is mine”. Mrs Justice Cockerill found that Mr Rukhadze, and his allies Igor Alexeev and Benjamin Marson, a British lawyer, had breached their fiduciary duties to Mr Jaffe’s companies, and had engaged in a conspiracy to ensure they came out on top in winning the family’s favour. The two sides have been asked to make submissions to the court on damages. A spokesman for Mr Jaffe and his companies declined to comment. A spokeswoman for Mr Rukhadze, Mr Alexeev, Mr Marson and their company, Hunnewell Partners, said that the company would appeal. Representatives of Mr Kay and Mr Nosova did not respond to requests for a comment.

Source: TheTimes.co.uk 

დატოვე კომენტარი

155 კომენტარი

  1. I blog often and I genuinely thank you for your content. This article has truly peaked my interest. I will take a note of your blog and keep checking for new details about once per week. I opted in for your Feed too.

  2. hello!,I love your writing very so much! share we be in contact more approximately your article on AOL? I need an expert on this house to unravel my problem. Maybe that’s you! Looking forward to peer you.

  3. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time acomment is added I get four emails with the same comment.Is there any way you can remove me from that service?Appreciate it!

  4. 🏆 #BEO777 เว็บตรง ไม่ผ่านเอเจ้นท์ จ่ายไม่อั้น 🏆 ✅สมัครสมาชิกใหม่ แจกเครดิตฟรี100 ✅👍เว็บตรงไม่ผ่านเอเจ้นท์ ฝาก•ถอน ระบบ𝗔𝗨𝗧𝗢💸

  5. After I initially commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there a way you can remove me from that service? Cheers!

  6. I do believe all the ideas you’ve introduced in your post. They are really convincing and will definitely work. Nonetheless, the posts are too short for starters. May you please lengthen them a bit from next time? Thank you for the post.

  7. Greetings! This is my first visit to your blog! We are a collection of volunteers andstarting a new initiative in a community in the same niche.Your blog provided us useful information to work on. You have done a outstanding job!

  8. Generally I do not learn article on blogs, however I would like to say that this write-up very pressured me to take a look at and do so! Your writing taste has been amazed me. Thanks, quite nice article.

  9. Howdy! This article could not be written much better! Looking at this post reminds me of my previous roommate! He always kept talking about this. I’ll forward this post to him. Fairly certain he’ll have a good read. Many thanks for sharing!

  10. Pretty section of content. I just stumbled upon your blog and in accession capital to assert that Iacquire actually enjoyed account your blog posts.Any way I’ll be subscribing to your augment and even I achievement you access consistently quickly.

  11. Great post. I used to be checking continuously this blog and I’m impressed!Very useful information particularly the final phase 🙂 I care forsuch info a lot. I was seeking this certain information for a very lengthy time.Thanks and good luck.

დაამატე კომენტარი

თქვენი ელფოსტის მისამართი გამოქვეყნებული არ იყო. აუცილებელი ველები მონიშნულია *